Fintech News

OCTOBER 1, 2024

Datuk Yee was appointed as a Non-Independent Non-Executive Director of Maybank in November 2023, and then to the Maybank Singapore board in August 2024. Karunakaran, who retired on 30 September after serving as Chairman since 2018. His career spans audit, equity research, and investment banking. He succeeds Datuk R.

Non-Bank 107

Non-Bank Audit Research Innovation 107

The Fintech Times

NOVEMBER 6, 2024

The collaboration leverages existing infrastructure and connections, avoiding the need for major investments or adjustments from banks while allowing them to service their consumer and corporate clients more effectively.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Visa Multi-Currency 59

FICO

JANUARY 7, 2019

The tremendous interest in AI and machine learning drove the readership on the Fraud & Security blog in 2018. Each transaction is tagged as either fraud or non-fraud. Unsupervised models are designed to spot anomalous behavior in cases where tagged transaction data is relatively thin or non-existent. Read the full post.

Posting 74

Posting AI Fraud Detection Security 74

PYMNTS

DECEMBER 26, 2018

Akli Adjaoute, CEO of Brighterion , wrote this AI-focused piece as part of our 2018 year-end eBook. . 3, 2018, the U.S. Treasury’s FinCEN and Federal Banking agencies issued a joint statement encouraging innovative industry approaches to combating money laundering, terrorist financing and other illicit financial threats.

Money Laundering 76

Money Laundering AML Wire Transfer Rules 76

Finovate

DECEMBER 3, 2024

has acquired data integration startup UpSwot to enhance its AI Workbench capabilities and expand its applications for banks, fintechs, and wealth management firms. UpSwot was founded in 2019 to bring banks actionable insights derived from their commercial clients’ data. Enterprise AI platform Uptiq.AI “Uptiq.AI

Acquirers 59

Acquirers Gateways CRM AI 59

PYMNTS

APRIL 10, 2020

The non-filer tool can be used by U.S. The IRS said that the majority of people who filed taxes for 2018 or 2019 will automatically get Economic Impact Payments starting next week. People who provide banking information will get a direct deposit; everyone else will get a check mailed to the provided address.

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IRS Checks Social Security Consumer 145

Fintech News

JANUARY 10, 2024

Bryan Tay Tay will be responsible for managing the company’s business relationships with both bank and non-bank lenders in Singapore. He was co-founder of Boom Singapore, a fitness studio, from 2018 to 2023. This role encompasses the expansion of Lendela’s customer and partner relations.

FinTech 107

FinTech Non-Bank Participant Posting 107

Open Banking Excellence

NOVEMBER 14, 2023

It has been almost six years since the Second Payment Services Directive (PSD2) came into force and laid the foundations for Open Banking in the EU and UK. Together, these new rules will enable Europe to push forward into Open Finance – the next stage of Open Banking. PSD3 and PSR1 will introduce higher levels of regulation.

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Non-Bank Rules Authentication Regulations 130

The Fintech Times

SEPTEMBER 14, 2024

While many incumbent banks and financial institutions have faced challenges during their digitalisation journeys, financial service providers in Taiwan have made significant strides in embracing digital transformation. Additionally, nearly 80 per cent of these banks utilise blockchain technology, particularly for certifying letters of credit.

Innovation 119

Innovation FinTech Payment APIs and Integration Non-Bank 119

Fintech Finance

SEPTEMBER 11, 2024

Now celebrating its 20th anniversary edition, the report predicts instant payments will account for 22% of all non-cash transaction volumes by 2028 globally. Non-cash transactions boom; APAC leading adoption Non-cash transaction volumes rose to 1,411 billion in 2023 and are on track to reach 1,650 billion in 2024.

Instant Payments 98

Instant Payments Accounts Innovation Non-Bank 98

PYMNTS

DECEMBER 27, 2018

While Danske Bank’s shareholders started out the year feeling confident, the financial institution’s involvement in a massive money laundering scandal has led to its stock falling almost 50 percent in 2018. Despite it losing $15 billion of its value, some still see the bank as a safe bet.

Money Laundering 51

Money Laundering Non-Bank Authorization Risk 51

Clearly Payments

DECEMBER 11, 2024

These methods leverage digital wallets, mobile payments, bank transfers, and other innovative technologies to deliver more flexible options for consumers. Region-Specific Preferences : In Europe, 36% of online purchases are made through bank transfers, while Asia sees a dominance of digital wallets at 70% of transactions. In the U.S.,

Alternative Payment Methods 59

Alternative Payment Methods Online and Mobile Banking BNPL Payments 59

The Fintech Times

NOVEMBER 12, 2024

Banking accessibility also appears to be on the rise, while foreign direct investment (FDI) levels have also grown, thanks to the launch of major digital wallets (including Apple Pay and Google Pay ), as well as various government initiatives. per cent of all retail trade in the country.

FinTech 59

FinTech Audit Non-Bank ISOs 59

The Fintech Times

JANUARY 17, 2025

” As small and medium-sized businesses increasingly turn to non-banking cost-efficient payment solutions, Guavapay aims to provide solutions that meet the evolving needs of global businesses with real-time, affordable fund transfer, multi-currency accounts and advanced payment APIs.

Innovation 59

Innovation Technology Payment APIs and Integration Multi-Currency 59

Fintech News

JULY 3, 2024

Vietnam’s digital finance landscape is undergoing a notable shift as new players emerge, established ones fade, and traditional banks rise to prominence, a new report by Decision Lab shows. However, by Q4 2023, Moca had slipped out of the top rankings, replaced by mobile apps from traditional banks.

Finance 114

Finance Online and Mobile Banking Micro-Entry Non-Bank 114

Fintech News

JUNE 2, 2024

Grab users will continue to have access to cashless payment options through bank cards, ZaloPay accounts, and MoMo accounts. During the transition period from 31 May to 30 June 2024, Moca users can withdraw funds to linked accounts or bank cards and use any remaining balance.

Legal 114

Legal Non-Bank Bank Card Regulations 114

Fintech News

JULY 17, 2024

The far-reaching study encompasses both crypto-native and non-crypto native methods, as well as strategies for prevention. The HKMA concluded that the bank failed to continuously monitor business relationships, conduct enhanced due diligence in high-risk situations for a period, and maintain proper records for some customers.

Money Laundering 107

Money Laundering Law Enforcement AML Non-Bank 107

PYMNTS

SEPTEMBER 18, 2020

Mobile banking upstart Chime has completed funding that has provided the firm with a $14.5 Chime, which CEO Chris Britt co-founded in 2013, provides clients mobile banking accounts without charges, debit cards and automated teller machine (ATM) access. billion valuation, CNBC reported. The company is geared toward U.S.

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Mobile Banking Debit Card Non-Bank ATM 105

The Fintech Times

JANUARY 30, 2025

Partnerships and collaborations Banco Sabadell has unveiled a strategic alliance with Snowdrop Solutions, a geolocation-based technology services company, to enhance the customer experience within the bank’s app.By The Bank of America Corporation board of directors has appointed Maria Martinez as a director.

FinTech 64

FinTech Reconciliation Financial Crimes Audit 64

Fintech Finance

NOVEMBER 6, 2024

The collaboration leverages existing infrastructure and connections, avoiding the need for major investments or adjustments from banks while allowing them to service their consumer and corporate clients more effectively.

Cross-Border Payments 97

Cross-Border Payments Visa Cross-Border Multi-Currency 97

PYMNTS

MARCH 12, 2020

The report, which was commissioned by the Government Accountability Office (GAO), found that in 2018, USPS’ retail facilities generated about $10.5 Those facilities accounted for about 15 percent of total fiscal year 2018 revenues and about 7 percent of its total costs. billion in 2018, which was down from €5.6

Non-Bank 67

Non-Bank Government Governance Posting 67

PYMNTS

OCTOBER 1, 2020

1: Instant disbursements as a percentage of all non-tax disbursements in the U.S. percent) received at least one, non-tax disbursement in the past year, the vast majority of which were not instant. percent as of 2018. Fast Fact No. are growing — but slowly. More than two-thirds of consumers (68.1 percent in 2019 and 9.5

Instant Payments 122

Instant Payments Payee Same Day ACH Non-Bank 122

The Finance Weekly

AUGUST 30, 2022

FP&A software can be pricey so finding one that won’t break the bank, yet still provides a high level of value, can be a challenge for small companies on a tight budget. In 2018 , Jedox was awarded for Excellence in Budgeting Transformation, and won the CFO Innovation Editor’s Choice Award. Another difficulty is of course money.

Small Business 239

Small Business Finance Automation AI 239

Fintech News

APRIL 1, 2024

According to the report, VC funding in CCA reached US$110 million in 2023, up by 450% from a mere US$20 million in 2018. Pave Bank, a new digital bank , raised US$5.2 Since 2018, the country’s VC market has increased considerably, growing by 6.6 million in December 2023; Hexacore, a blockchain and Web 3.0

FinTech 111

FinTech Web 3.0 Security Non-Bank 111

FICO

AUGUST 7, 2019

So, where do we stand in today’s non-prime auto finance market? That’s the key question the 2019 Non-Prime Automotive Finance Survey sought to answer. The survey results were released during the 23rd Non-Prime Auto Finance Conference held June 4th-7th in Plano, Texas. Lenders saw fewer losses in 2018. YoY in 2018.

Finance 60

Finance Non-Bank Returns Best Practices 60

Fintech News

DECEMBER 20, 2023

But despite increased adoption of these novel payment methods, BNPL profitability remains a challenge, hampered by high fixed costs, increasing funding expenses and elevated delinquency rates, a new report by the Bank for International Settlements (BIS) says. million in 2023.

BNPL 107

BNPL Consumer Financial Protection Bureau (CFPB) Settlement Non-Bank 107

Fintech News

JULY 23, 2024

The list, produced by CNBC in collaboration with market research firm Statista, highlights the world’s top 250 fintech companies across eight market categories: payments, wealthtech, business process solutions, neobanking, alternative finance, financial planning, digital assets and banking solutions. billion (US$4.4

FinTech 132

FinTech Online and Mobile Banking Multi-Currency Non-Bank 132

CB Insights

DECEMBER 4, 2019

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

The Payments Association

MARCH 19, 2025

Optimus Prime,Transformers(2007) In the epic battle for the future of banking, financial institutions stand at a crossroads, much like the Autobots facing the Decepticons. Legacy core banking systems, monolithic and rigid, are the relics of a bygone erastable yet inflexible, like ancient Cybertronian relics buried beneath rust and time.

Non-Bank 88

Non-Bank Regulatory Compliance AI Risk 88

Fintech News

FEBRUARY 7, 2024

Netbank – US$344 million (Series A, Philippines) Filipino banking-as-a-service (BaaS) provider Netbank secured the largest funding round in Southeast Asia (excluding Singapore) last year, raising in May 2023 a US$344 million Series A funding round, data from KPMG and Pitchbook show. Soft Space – US$31.5

FinTech 107

FinTech Online and Mobile Banking Non-Bank On-Demand 107

PYMNTS

MARCH 17, 2020

percentage points between 2018 and 2019 — from 17.3 percent between 2018 and 2019.”. percent of non-CU members felt ‘very’ or ‘extremely’ satisfied with their FIs, meaning CU members have significantly more confidence in their FIs than others do.”. percent to 21.9 percent,” the report states. Our research shows that just 80.8

Credit Union 63

Credit Union Innovation Non-Bank PayPal 63

PYMNTS

APRIL 22, 2019

Might banks be making inroads into the hearts and minds of smaller firms as they seek out capital – as some SMBs cite at least some dissatisfaction with non-banking lending conduits? Drilling down a bit further, about one third sought financing from online lenders in 2018, up from 24 percent in 2017.

Fed 49

Fed Non-Bank Small Business Federal Reserve 49

PYMNTS

JUNE 30, 2019

No doubt by now most payments watchers are familiar with Libra , the Facebook plan to bring a new global cryptocurrency to market that seemingly seeks to do nothing less than upend global banking. In addition, she said, many of these merchants in non-European and non-U.S. markets seek to trade with one another. The Roadmap. “I

B2B 109

B2B Cross-Border Cross-Border Payments Payments 109

PYMNTS

JULY 6, 2017

Open Banking, the U.K. bank-funded entity that was mandated by the Competition and Markets Authority to provide new ways for customers to share their financial data with non-bank providers, has released an API specification for accounts and transaction information and payments initiation.

Payment Initiation 71

Payment Initiation API Third-Party Service Provider Non-Bank 71

PYMNTS

JUNE 24, 2020

Zopa , the United Kingdom-based peer-to-peer (P2P) lender, has reached its latest milestone and received its banking license as it takes on traditional banks, the Financial Times reported. “We million) to become a challenger bank. In December, PYMNTS reported Zopa expected to receive £130 million ($1.67 based fund, and its U.K.

P2P 86

P2P Security Credit Cards Non-Bank 86

PYMNTS

JULY 10, 2019

OPay was founded in 2018 and serves as a mobile platform for sending and receiving payments. Nigeria’s Central Bank had kept non-banks from offering mobile payment services, but has now eased some of those restrictions, opening a door for mobile payment operators.

Mobile Payments 70

Mobile Payments Payments Venmo Non-Bank 70

PYMNTS

JANUARY 8, 2020

The central bank in China said it has accepted an American Express application to start working in the country, according to a report by Reuters. The news was released in a social media post by the official People’s Bank of China (PBOC) account on Wednesday (Jan. The post did not say when Amex would start operations in the country.

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Non-Bank Central Bank PayPal Process 74